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INCOME TAX REFORM

a speech in Congress by Rep. Allen West (R-FL), on

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Full Text Below, adapted from the Congressional Record.

You're absolutely right. Our constituents back in south Florida--and of course we get a lot of email from all across the country, and, hopefully, we'll get some of that email tomorrow after this Special Order--but they understand a single flat rate.

All flat tax proposals have a single rate, and usually that single rate is less than 20 percent. That low flat rate solves the problem of a high marginal tax rate by reducing those penalties against productive behavior such as work and risk-taking and entrepreneurship.

Also, you eliminate a lot of those special preferences because flat tax proposals would eliminate provisions of the Tax Code that bestow preferential tax treatment on certain behaviors and activities. Guess what? It reduces that influence of lobbyists up here that you already talked about.

When you get rid of deductions or lower those deductions, credits, exemptions, and other loopholes, that also helps to solve the problems of complexity, allowing taxpayers to file their tax returns on that one simple form. That's why H.R. 1040 is a great step forward.